I didn't recommend water misting.
But, and here is the big problem....
He has a spare engine.
Unless it is brand new or freshly rebuilt, it classifies as.....used.
What is in the car now is......used.
Unless he had the new/used engine checked out while it was in a chassis and running, what it to say it doesn't have the same problem or worse?
While it is a good idea, some preliminary works needs to be done first.
The head needs to come off the new/used engine, and checked over.
If it was mine, I would check the level, clean gasket surfaces and inspect carefully for cracks.
I would pull each valve one at a time, de-carbonize the back and front of the valve, ports, and combustion chambers, lap each to it's respective seat, replace stem seals (if used), BEFORE I pulled the running car out of service.
And hope and pray that the 30 pounds of compression isn't caused by broken rings.
The good news is LBC's semed to have a propensity (when I was doing this for a living) of head issues, valves and guides, so the chances are good this is it.
Dave (who, if the owner is close enough to me, is willing to look at the car)
(oh, and on the vacuum......all that is, is an indication of the suction of each cylinder on the fuel downstroke.
If a valve is bad, it pops more towards nothing. If a piston is holed, it pops towards nothing. If a head gasket is blown to the outside, it pops towards nothing. He's only got an inch variation. That is NOT a lot)